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Danielle Field
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Danielle Field answered:
Hi I just noticed you didn't have any answers and I sell in the 40502 area, I hope its not too late! But the PVA assessments change only so many years or when the house sells and transfers ownership. So in other words when you buy a house the PVA will then change their assessed value to the price you bought it at and you will pay taxes based on the purchase price. If you are looking at listings on LBAR.com or a similar site it should tell you the tax rate so to figure out what your yearly taxes will be take the rate x purchase price divided by 1,000 x 12 = yearly taxes. (eg: 0.8405 x $100,000/1,000 x 12 = $1,008.60 I hope this helps. If you need further assistance in the Lexington market give me a call, I'd be happy to help. 859-230-4008 Good luck!
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